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Stock Market & Financial Investment News

News Breaks
December 5, 2012
12:12 EDTCSXAmtrak/CSX makes NY's high-speed rail system eligible for more funding
Governor Andrew M. Cuomo announced yesterday a long-term lease agreement between CSX Corporation and Amtrak, enabling Amtrak to take full control of the Hudson Line between Schenectady and Poughkeepsie. The contract, which took effect at 12:01 a.m. on Saturday, Dec. 1, ensures that passenger rail service has scheduling priority there and paves the way for four significant rail improvement projects totaling $181 million. The improvements will reduce congestion along the Empire Corridor from New York City to Niagara Falls and improve travel times and reliability for passengers and freight. Reference Link
News For CSX From The Last 14 Days
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June 30, 2015
08:09 EDTCSXRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).
June 29, 2015
13:47 EDTCSXSupreme court ruling could shift thermal coal sentiment, says Morgan Stanley
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June 24, 2015
07:33 EDTCSXHouse Transportation & Infrastructure Committee to hold a hearing
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June 19, 2015
11:19 EDTCSXLouisville & Indiana Railroad and CSX close joint infrastructure upgrade project
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June 17, 2015
14:42 EDTCSXOption volume leaders
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June 16, 2015
07:41 EDTCSXRail sector risk/reward attractive, but patience required, says UBS
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